Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Homework Help/Study Tips Expert

Alice owns property in a rural part of town. A developer approaches her about buying the property for use as a shopping center. The developer wants to be sure that he can get the property rezoned for commercial use before he buys it. Alice offers to sell the property for $150,000. She agrees in writing to keep her offer open for one year beginning May 1. Three months later, however, another buyer offers Alice $175,000 for the same property. Alice agrees to sell to the second buyer.

problemS

a) When the developer learns what Alice has done, he sues her for breach of contract. What result? describe fully.

b) How would your answer differ, if at all, had the developer paid Alice $5,000 at the time she agreed to hold the offer open? Why?

c) Assume, as in (b), that the developer did pay Alice the $5,000. How would your answer differ, if at all, had Alice's promise to hold the offer open been oral instead of written? Why?

d) How important is it that Alice notify the developer that she is withdrawing her offer before she agrees to seller to the other buyer? describe fully.

Homework Help/Study Tips, Others

  • Category:- Homework Help/Study Tips
  • Reference No.:- M935516

Have any Question? 


Related Questions in Homework Help/Study Tips

Executtive ordersthe us constitution article ii section 1

Executtive orders The U.S. Constitution, Article II, Section 1, states: "The executive Power shall be vested in the President of the United States of America." Even though the Constitution makes no mention of executive o ...

Historical event influence please responds to the following

"Historical Event Influence" Please responds to the following: Choose one (1) historical event and discuss the effect that it has had on you. Provide a rationale for your response. This week's discussion seems to be uncl ...

Psychoanalytic-social personality perspective -respond to

Psychoanalytic-Social Personality Perspective - Respond to the following questions in 175 to 260 words each: What makes the psychoanalytic-social perspective of personality unique? What are the main components of each of ...

Synthesis paper guidelinessynthesis means putting ideas

Synthesis Paper Guidelines Synthesis means putting ideas from many sources together in one essay or presentation. After reading several articles and books, your task is to organize some of the information around a theme ...

Incorporating the areas listed below write a 2 page paper

Incorporating the areas listed below; write a 2 page paper on how the impact at each level of our criminal justice system affects the population they serve, reform within our criminal justice, and the impact on our socie ...

How our society has been affected by the events and shaped

How our society has been affected by the events and shaped by the Jim Crow era and the Civil Rights Movement? What impact has African American History made on our present society? 250-300 words citied in Chicago styles.

Homeland security assignmentyou are the city manager of wet

Homeland Security Assignment You are the city manager of Wet Town, Mississippi. Your community considers its greatest threat to be hurricanes. It is January, and you have only 6 months to help the underresourced emergenc ...

Review the case study a love triangle next determine the

Review the Case Study: A Love Triangle, Next, determine the two (2) most serious issues that the administrator of this facility is presented with in this complicated case. Take a position on whether the facility holds an ...

The justice model is a sentencing approach that uses

The justice model is a sentencing approach that uses determinate sentences, or fixed punishment terms; calls for the elimination of parole; and makes treatment voluntary. The justice model views crime reduction and succe ...

Discussioncomp software apps healthcarebasic management

Discussion Comp Software Apps Healthcare Basic Management Concepts for Medical Administrative Staff Please respond to BOTH of the following questions: Question A Why is appointment scheduling a critical aspect of a physi ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro